The Italian lender said it would engage with Commerzbank to explore value-creating opportunities and that it would submit regulatory filings for authorization to potentially exceed a 9.9% shareholding.
Rentokil Initial forecast adjusted profits for the year of around £700 million, short of previous forecasts, after revenue growth slowed at its North American business.
The U.K. economy flatlined in July, a snag for the Bank of England as it attempts to nail a soft landing from the inflation shock caused by Russia’s full-scale invasion of Ukraine.
